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Ethbtcforecast

ETHBTC Explosive Breakout!ALTseason could be upon us, ethereum just had a beautiful breakout against BTC out of this descending wedge! We are currently facing some resistance at the 0.2 FIB but we did have a nice wick pretty well above here! We notice on the MACD we are in and out of a bullish cross and we gotta look for separation in the MA's once the bull cross happens, we need to see that momentum pick up, also the histogram looks great we are coming to an end with the red cycle and we are very close to breaking into that bullish territory, we want to see increasing green bars each day! Now checking out the bollinger bands, we are looking very good our current candle has touched the top band which is always very bullish and if we see this continue im sure we are going to melt up pretty hard, we do have some light resistance halfway through the 0.2 FIB and im sure if we take a ride up the bollinger bands it'll take us right there! Not financial advice just my opinion! ps. very important that we get a daily close above the 0.2 FIB, then we will be looking mega bullish!
Long
by JacobR905
Ethereum could take a hit against BTCEthereum has been trading perfectly in this descending triangle and we have failed to breakout the top many times and now we could indeed be in for a fall out of the bottom of the triangle, from what it looks like there isn't a lot to worry about and this could be a potential fakeout to the downside, as we have many many supports below us this could be a tactic to get weak hands out of ethereum. We notice on the bollinger bands we are tending to go downwards towards that bottom band which can definitely be a slippery slope as if we do continue to ride the bottom band there is a high chance we will see a drop of some sort, i figure the lowest we could see due to all of the surrounding supports is about 0.05 or the 0.6 FIB level. Taking a look at the pivot points we do have support above the 0.6 FIB level but what im interested in for the longer look is that bullish pivot point, if price action can make it upto this level we will be considered in a bullish reversal which is definitely key but that'll be talked about in a later TA as this levels a little out of reach for now, hope im wrong though lmao! Now something that goes hand and hand with the bearish looking bollinger bands is the bearish looking macd where we just recently had a bearish cross, we are only 2 red bars in to this macd cycle and i doubt we will see a green bar say tomorrow, so we could be looking at a maybe 5 day bearish trend on the MACD but there is always the chance of a reversal, there isn't much separation within the MA's so we are looking pretty okay there but we need to see some bull momentum to bring that blue MA back ontop of the orange or like i said we could see a little downside here. keep in mind there is the chance of a fakeout to the downside where we could exit the bottom of the descending triangle but then shoot back up liquidating short positions and getting weak hands out of the market. Not financial advice just my opinion!
Short
by JacobR905
ETHBTC Forecast based on Cycle HistoryI charted this on 20 May and had not looked at it since. What I wanted to know was should I be holding more BTC, or more ETH? What will grow more according to the charts regardless of my opinion of their fundamentals or adoption ? If the charts are a representation of the psychology of the masses, then psychology tells us : the best prediction for future behavior is past behavior. Thus, I'm a big believer price action rhyming with previous BTC halving cycles. You've probably heard chartists say "history rhymes but never repeats" While I am aware that ETH was just getting started in the markets peak in 2017/2018... and it will likely far outperform BTC, I have charted a conservative forecast mimicking the previous cycle. I've pointed out the previous ATH of BTC and ETH as well as where I think we can expect them in the months to come. The past 2 seem to have been on track in a general sense. Let me know your thoughts
by THE-GERA
3
ETH/BTC - 100%! Congratulations to everyone!On April 21, I told you about this pair. Now the price has gone up 100%. Write in the comments or u bought it? And write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
9
ETH/BTC - Consolidation Over, Time To Pay Attention??As we look at the ETH/BTC chart, we see a very large consolidation pattern very similar to Bitcoin before it broke out from its 3-year symmetrical triangle consolidation pattern. ETH looks to be setting up to make a very large move, in the not-so-distant future. We see the same symmetrical triangle with a well-defined inverted head & shoulders pattern that could send ETH prices much higher. Many are saying the other imitation blockchains will supersede ETH, but I do not believe that is the case. Like I've said in the past, typically when the crowd believes one thing, the opposite is the end result. I hear a lot of talk about other blockchains taking over the #2 spot, but NOT 1 single other smart-contract blockchain has stood the test of time like ETH has. Yes, it might be slow for the moment, but big investors are not looking for the new fast chains that have big promises filled with hype. They're using the same logic they use for Bitcoin. They want something that has proven itself to work and is secure. Speed will come in time, but security proven via time is what is important. I realize much of this is fundamental analysis, BUT I believe it to be an important factor in regards to the price action we'll see in the future. Remember, many said Bitcoin would get taken over by the new "hot, fast, and efficient" other blockchains, we all know that is not what's happening. Stay level-headed, remove your bias, and stay ahead of the crowd.
Long
by CryptoSyphn
2
#ETHBTC just broke out of this Patten. I40% Rally Incoming.Welcome to this quick update, everyone. ETH broke out of the 995 days Long Resistance. I believe 140% pump is incoming. Just look at the chart it simply looks bullish. CMP is .0495 and it can easily go from 0.10 BTC to 0.15 BTC in the next few months. This chart will be invalidated only after a close below 0.037 BTC WHICH SEEMS HIGHLY UNLIKELY. The first ETH CHart I posted was around .016BTC when I said it's gonna pump from there that and was the bottom. It's currently 300% up from there. I have been holding on SPOT from a very long time. If you like this update do hit the like button and share your views in the comment section. Follow me if you haven't yet Thank you #PEACE
Long
by Cryptorphic
9
ETH/BTC CHART Double bottom 4 hour chart ETH/BTC CHART Double bottom 4 hour chart breakout with confirmation. Now ETH must get a strong volume support otherwise the chart will be invalidated as soon as we close below the neckline and confirm this as resistance we have a renewed sell-off into the support box. But since the BTC .D is also still sinking I think this month the Altcoin SESSION could begin. Am very interested to see what happens. I am since the support - box in ETH invested again. Registration link for PHEMEX EXCHANGE: phemex.com Registration link for IMBA EXCHANGE: imba-exchange.co Registration link for BINANCE EXCHANGE: www.binance.com YOUTUBE CHANNEL from EGALITE: www.youtube.com Homepage: egalitesignals.com EGALITE
Long
by IDDTrading
ETH/BTC ratio will determine what to be overweight/underweight ETH/BTC ratio is still consolidating after having a lower bound range breakout... previous price moves from these ratio levels have been significant and we should continue to keep an eye on the ETH/BTC chart to see if the ETH to BTC price continues the bullish breakout after a multi-year consolidation... I am personally bullish on both Bitcoin and Ethereum, but monitoring this ratio has helped me better allocate whether to be overweight/underweight BTC or ETH, especially during the bull cycle... I will update this idea as the price ratio decides the direction
Long
by youknowram
2
Daddy of alts - ETH/BTC 😉Hello, dear traders! Everyone wanna know << When will altcoins starts actively moving again?>> For clear understanding, it's important to analyze the Ethereum vs Bitcoin chart!💡 Let's take a look at the daily chart and add an MA indicator, that will allow us to get bullish and bearish signals! Recently I made a tutorial post on the example of Bitcoin, who have not seen, here it is👇 What do we have at the moment? We expect the lines to cross, which will give us a bearish signal (more likely, it will be a good buying opportunity), and then we waiting a bullish signal, which will most likely give us the opportunity to see the price at the top of the symmetrical triangle (which is highlighted inside the orange Wedge) This rise will trigger the rise of many other altcoins! I hope you were interested😉 Don't forget to subscribe😊 And stay with me forever♥️ Always sincere with You Rocket Bomb🚀💣
by RocketBomb
20
ETH-BTC Wedge Breakdown Eventuality Using more indicators We can see similar MACD formations between these two price points (purple ovals) Also similar price formations, with a common bounce of a MA line between the two Evidence suggests that this wedge that has formed bullishly will break down, bearishly A head and shoulders can also be identified on the RSI weekly chart ^ above idea suggests continuation, scrap that, bearish action is favored This is the wedge above that price is currently within
Long
by Bixley
6
ETHEREUM- We were right to hedge 😼👌In our previous we explained 'why and how' to hedg e (Buy Bitcoin/Sell Ethereum) and as you probably understand it's going really well. I said it is going, not it didn't go, simply because that plan is still on. ETHBTC drop looks like it's still in the beginning. Ethereum is the weakest link at this stage, for reasons we explained just a few days ago; nothing has changed since this post Bitcoin went higher as explained on this video and it will most likely test the 60,000 ATH in the next few hours/days. Keep in touch for more. One love, The FXPROFESSOR
BITSTAMP:ETHUSDShort
by FX_Professor
14